Open House Picks: Six Months Later
Comment: No good news here. Open House Picks 10/10/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: No good news here.
Open House Picks 10/10/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
MR – are you saying you offered the seller on the WT house $899K and they didn’t bite?
ridiculous on their part!!!!!!!!!!!!
The Park Place house was reduced again to $1.9M before going off the market.
http://www.streeteasy.com/nyc/sale/227670-house-287-park-place-prospect-heights-brooklyn
Boy, 150 Bond still has a long way to go. Let’s compare it to this Corcoran place (http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1536462) at 113 Garfield Pl. Both have the same listing price and look to be roughly the same size (the park slope place being slighly larger). The differences? The Park Slope place is in a marginally better location (quieter street, better schools) and has a backyard; the Boerum Hill place has three garages. Pretty close.
Oh, and I forgot, the Boerum Hill place has no interior to speak of…which would you buy for $1.8 million?
First off, I think this is excellent news. Prices are beginning to come back to earth.
Second, I think $800k is about right for that WT house. This one mentioned yesterday went for $840k:
– http://bstoner.wpengine.com/brownstoner/archives/2009/04/brooklyn_sales_2.php
For those who got into the whole “team bear” and “team bull” thing: It has now been several weeks straight of very bearish news. But there are almost no self-congratulatory posts by the bears trying to rub the bulls’ noses in the news. I don’t think most of the bears are the heartless jerks they are sometimes made out to be (a few notable exceptions like cornerbodega aside). I actually think this site is remarkable for the general civility of the discourse.
Muffett – I did catch your lete posts on earlier threads. Thanks for the shout out (and, as promised, your patience is being slowly rewarded).
MR – I’m pretty sure they could do about $3k worth of staging and the house would sell at $999. It’s clearly solid, it just needs new paint/wallpaper/etc. They could even make the kitchen look tolerable on the cheap.
Right now it looks like grandma’s house, and I think that hurts it a lot.
I saw the WT house. It’s in great shape, but as you say needs a complete visual overhaul and kitchen/bath.
I put it at 999 when I saw it. I doubt it’ll get down to 800.
Also, I feel bad for that little Albermarle Terrace place. It’s a great place, but “Victorian Flatbush” is really pushing it in this instance. It’s on one of those excellent little side, terrace streets… but surrounded by horrible, huge, Soviet-style apartment block buildings.
And what’s the monthly rent on a $2mm place? yikes.